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Ep. 200: David Keller: Why Investors Need To Beware Of The Bias
Investing With IBD
How to Avoid Endowment Bias
Justin: Endowment bias is where you hold losing positions way too long. Goog went from outperforming to underperforming in the last two years. Confirmation bias is when you start with your conclusion and then gather evidence, which happens so often. Justin: Social media has a lot of positives, but one of the big negatives is the echo chamber effect for investors.
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